Can I retire at age 70 with 10,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$858,822$851,172$843,709$836,424$829,311$825,816
2 years$425,160$417,241$409,567$402,127$394,910$391,382
3 years$280,624$272,672$265,017$257,647$250,547$247,095
4 years$208,371$200,443$192,865$185,620$178,692$175,343
5 years$165,030$157,149$149,671$142,574$135,839$132,602
6 years$136,145$128,324$120,956$114,017$107,485$104,364
7 years$115,522$107,767$100,515$93,740$87,414$84,411
8 years$100,061$92,376$85,245$78,636$72,518$69,634
9 years$88,043$80,430$73,421$66,981$61,071$58,304
10 years$78,433$70,895$64,010$57,738$52,035$49,385
11 years$70,576$63,114$56,354$50,249$44,752$42,217
12 years$64,033$56,647$50,013$44,075$38,781$36,358
13 years$58,502$51,193$44,683$38,912$33,818$31,506
14 years$53,764$46,533$40,148$34,542$29,645$27,440
15 years$49,662$42,508$36,248$30,805$26,102$24,003
16 years$46,076$39,001$32,864$27,583$23,069$21,072
17 years$42,915$35,918$29,905$24,783$20,454$18,557
18 years$40,109$33,190$27,299$22,334$18,187$16,387
19 years$37,601$30,760$24,991$20,181$16,210$14,503
20 years$35,346$28,584$22,936$18,278$14,479$12,863
21 years$33,309$26,625$21,097$16,588$12,957$11,428
22 years$31,460$24,853$19,444$15,082$11,615$10,168
23 years$29,774$23,245$17,953$13,736$10,426$9,060
24 years$28,230$21,779$16,603$12,528$9,371$8,082
25 years$26,813$20,438$15,378$11,441$8,432$7,218
26 years$25,506$19,209$14,262$10,461$7,596$6,452
27 years$24,299$18,078$13,244$9,575$6,848$5,772
28 years$23,179$17,034$12,312$8,773$6,179$5,167
29 years$22,139$16,070$11,457$8,045$5,580$4,629
30 years$21,170$15,176$10,672$7,383$5,042$4,149
31 years$20,265$14,347$9,949$6,781$4,558$3,721
32 years$19,418$13,575$9,283$6,232$4,123$3,339
33 years$18,625$12,856$8,667$5,731$3,731$2,997
34 years$17,880$12,184$8,098$5,273$3,378$2,691
35 years$17,178$11,557$7,571$4,854$3,060$2,418
36 years$16,518$10,969$7,083$4,470$2,772$2,172
37 years$15,894$10,418$6,629$4,119$2,513$1,952
38 years$15,305$9,901$6,208$3,796$2,278$1,755
39 years$14,747$9,415$5,816$3,501$2,066$1,578
40 years$14,218$8,957$5,452$3,229$1,874$1,419
41 years$13,717$8,527$5,112$2,979$1,700$1,277
42 years$13,241$8,120$4,795$2,749$1,543$1,149
43 years$12,788$7,737$4,500$2,538$1,400$1,033
44 years$12,357$7,375$4,224$2,343$1,271$930
45 years$11,946$7,033$3,966$2,164$1,154$837
46 years$11,554$6,709$3,725$1,999$1,047$753
47 years$11,180$6,402$3,499$1,847$951$678
48 years$10,823$6,112$3,288$1,707$864$610
49 years$10,481$5,837$3,091$1,577$784$550
50 years$10,154$5,575$2,906$1,458$713$495

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,400,000, adding $6,782 every year, while hoping to spend $21,185 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/42/9 Blend
69$10,400,000$10,400,000$10,400,000$10,400,000
70$11,467,796$10,916,596$10,755,396$12,001,912
71$12,614,970$11,428,968$11,093,161$12,880,695
72$13,878,446$11,965,737$11,441,531$13,831,892
73$15,270,065$12,528,075$11,800,839$14,864,568
74$16,802,873$13,117,212$12,171,429$15,986,342
75$18,491,248$13,734,438$12,553,654$17,205,578
76$20,351,034$14,381,103$12,947,879$18,531,461
77$22,399,688$15,058,627$13,354,483$19,974,078
78$24,656,450$15,768,493$13,773,852$21,544,508
79$27,142,520$16,512,261$14,206,387$23,254,923
80$29,881,259$17,291,564$14,652,503$25,118,694
81$32,898,411$18,108,114$15,112,625$27,150,519
82$36,222,343$18,963,706$15,587,193$29,366,546
83$39,884,319$19,860,224$16,076,660$31,784,529
84$43,918,785$20,799,641$16,581,495$34,423,981
85$48,363,705$21,784,027$17,102,178$37,306,359
86$53,260,910$22,815,552$17,639,208$40,455,254
87$58,656,500$23,896,490$18,193,099$43,896,607
88$64,601,273$25,029,229$18,764,378$47,658,952
89$71,151,211$26,216,269$19,353,592$51,773,667
90$78,368,001$27,460,232$19,961,304$56,275,273
91$86,319,624$28,763,871$20,588,095$61,201,742
92$95,080,992$30,130,067$21,234,562$66,594,852
93$104,734,657$31,561,845$21,901,325$72,500,571
94$115,371,592$33,062,375$22,589,019$78,969,476
95$127,092,046$34,634,982$23,298,302$86,057,226
96$140,006,490$36,283,152$24,029,851$93,825,074
97$154,236,667$38,010,541$24,784,366$102,340,432
98$169,916,731$39,820,982$25,562,566$111,677,498
99$187,194,521$41,718,494$26,365,196$121,917,943
100$206,232,954$43,707,292$27,193,022$133,151,665